Solar prices have crashed since the tender was first released. Image Credit: Flickr. Pranav
India’s first grid-scale solar-plus-storage tender has been held up by the extreme drop in the country’s solar PV prices this year, according to Rahul Walawalkar, executive director of the Indian Energy Storage Alliance.
Although not officially announced by Solar Energy Corporation of India (SECI), which released the tender, the process has clearly faced delay after attracting strong levels of interest from 13 bidders in late 2016.
However, Walawalkar told PV Tech that since the release, “solar prices have crashed” down to INR2.44/kWh (US$0.038/kWh). This has introduced various financial issues with the solar-plus-storage tender, and SECI is still working out how to address this.